| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | FGF | Common Stock | Award | $0 | +31.6K | +67.85% | $0.00 | 78.3K | Aug 19, 2022 | Direct | F1, F2 |
| holding | FGF | Common Stock | 2.9M | Aug 19, 2022 | Ballantyne Strong, Inc. | F3, F7 | |||||
| holding | FGF | Common Stock | 2.05M | Aug 19, 2022 | Fundamental Activist Fund I, LP | F4, F7 | |||||
| holding | FGF | Common Stock | 477K | Aug 19, 2022 | FGI 1347 Holdings, LP | F5, F7 | |||||
| holding | FGF | 8.00% Cumulative Preferred Stock, Series A, $25.00 par value | 8.97K | Aug 19, 2022 | Fundamental Activist Fund I, LP | F4, F7 | |||||
| holding | FGF | 8.00% Cumulative Preferred Stock, Series A, $25.00 par value | 44 | Aug 19, 2022 | Direct | F6 |
| Id | Content |
|---|---|
| F1 | Represents restricted stock units ("RSUs") granted under the 2021 Equity Incentive Plan as director compensation. RSUs vest in five annual equal instalments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company. |
| F2 | Includes 2,000 shares held in an individual account, 1,333 shares held in a joint account with spouse, 18,023 RSUs which have previously vested to date as well as 25,285 unvested RSUs which have yet to vest to Mr. Cerminara. The RSUs had been previously granted under the Company's Amended and Restated 2014 Equity Incentive Plan, the Company's 2018 Equity Incentive Plan and the Company's 2021 Equity Incentive Plan as director compensation. |
| F3 | The securities are held of record by Ballantyne Strong, Inc. ("BTN"). Mr. Cerminara is Chairman of the Board of Directors of BTN. |
| F4 | The securities are held of record by Fundamental Activist Fund I, LP ("FAFI"). Fundamental Global GP, LLC is the general partner of FAFI. Mr. Cerminara is the Chief Executive Officer of Fundamental Global GP, LLC. |
| F5 | The securities are held of record by FGI 1347 Holdings, LP ("FGIH"). BK Technologies Corporation ("BKTI") is the sole limited partner of FGIH. Mr. Cerminara is Chairman of the Board of Directors of BKTI |
| F6 | The securities are held directly by Mr. Cerminara in a joint account with his spouse. |
| F7 | Due to his positions with Fundamental Global GP, LLC and affiliated entities, Mr. Cerminara may be deemed to be beneficial owner of the shares of Common Stock disclosed as directly owned by FAFI, FGIH, and BKTI, and the shares of Preferred Stock disclosed as directly owned by FAFI. Due to his position with BTN, Mr. Cerminara may be deemed to be a beneficial owner of the shares of Common Stock disclosed as directly owned by BTN. In aggregate, as a result of his positions with BTN, Fundamental Global GP, LLC and affiliated entities, Mr. Cerminara may be deemed to be the beneficial owner of 5,431,498 shares of Common Stock, which represent approximately 58.0% of the Company's outstanding shares of Common Stock, and 8,973 shares of Preferred Stock, which represent approximately 1.0% of the outstanding shares of Preferred Stock. Mr. Cerminara disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. |